Russia outlines USD42 billion naval and maritime redevelopment plan

Russia has outlined a procurement and industrial development plan valued at USD42 billion that is intended to revitalise the national naval and commercial marine sectors up to 2030.

The programme encompasses naval and commercial shipbuilding plus significant investment in national industrial capacity and modern technologies, notably to allow Russia to rebuild naval power and to exert control in the Arctic and Far Eastern regions.

The investment will be made during three phases between 2013 and 2030 and follows comparable investment in areas such as aerospace, missile defence technologies, and military electronic industries.

The programme was outlined by the Trade and Industrial Ministry (MinPromTorg), with extracts published on its website in mid-January.

A synopsis of the plan reads: "The programme is aimed at providing [Russia with] independent marine interests for the protection of her national interests in the seas of the world and inland waters by fully meeting the needs of government and business."

Russia has outlined a procurement and industrial development plan valued at USD42 billion that is intended to revitalise the national naval and commercial marine sectors up to 2030.